Ethereum (ETH) Trade Signal – Bearish to Cautious Recovery
As of the latest data, Ethereum (ETH/USDT) is trading at $1,552.30, reflecting a 3.91% drop in the last 24 hours. The coin has experienced a notable downtrend, with a 24h low of $1,471.02 and a 24h high of $1,640.00, showing high volatility. The chart indicates a strong bearish pattern from March, bottoming near $1,385.05, followed by a minor rebound.
ETH is currently below all major moving averages — MA(7): $1,593.90, MA(25): $1,837.24, and MA(99): $2,547.16 — signaling sustained downward momentum. Volume indicators show a spike in recent buying, suggesting potential accumulation. However, with a 7-day drop of -13.23% and a 1-year loss of -55.59%, caution is advised.
Buyers should wait for a confirmed breakout above $1,600 with volume support, while short-term traders might target rebounds from the support zone around $1,470–$1,500. RSI and MACD indicators (not visible but implied from trend) likely remain in bearish territory.
Signal: Neutral to Bearish
Short-term support: $1,470
Resistance: $1,600
Recommendation: Monitor closely. Consider swing trading with tight stop-loss.
Use proper risk management. Not financial advice.
